Asian Activities Report for June 21, 2011: AusQuest Limited (ASX:AQD) Report Further High Grade Gold Results in Burkina Faso

Sydney, June 21, 2011 AEST (ABN Newswire) - Major Asian markets all opened in green this morning. The S&P/ASX 200 soared 1.16% to 4503.4 in early trade. Nikkei 225 jumped 0.62% to 9,412.27. Hang Seng Index rose 0.75% to 21761.12, while Shanghai Composite gained 0.46% to 2635.59.

Companies

AusQuest Limited (ASX:AQD) reported further high-grade gold results from its Comoe Joint Venture in Burkina Faso. Latest drilling has confirmed the presence of high gold grades at depth at Phaco Hill, returning 6m at 8.5g/t Au and 3m at 9.66g/t Au. The Company will continue diamond drilling at the Phaco Hill prospect until early July.

PMI Gold Corporation (CVE:PMV) (ASX:PVM) has appointed several leading international engineering and consultancy companies as key technical advisors to the pre-feasibility study on its 100%-owned Obotan Gold Project in Ghana. The appointment of this world class pre-feasibility study team ensures that PMI Gold remains on track for a resource upgrade at its Obotan Gold Project in September 2011 and release of its Obotan Gold Project pre-feasibility study in December 2011.

Consolidated Tin Mines (ASX:CSD) announced positive results from its Mt Garnet tin project in northern Queensland. Drilling has intersected significant sections of near-surface tin mineralisation, and provided further confirmation that the project has the potential to increase the current total JORC Resource of 7.3Mt at 0.60% Sn.

Zenith Minerals Limited (ASX:ZNC) said today that drilling at the Kerbar copper/zinc prospect has extended the mineralisation to 400 metres strike. Further drilling will commence at the Kerbar prospect to target massive zones below the current mineralisation.

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